2571 Stratford Ln · Morrow, GA 30260

$55,000

2 bd · 1.0 ba · 899 sqft · Condo public records · 36 Days on market

Built 1973 $61/sqft · 22% below area Est $71k · 22% under $455/mo HOA · 33% of rent

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Perfect Starter Home or Investor Opportunity No Rental Restrictions Priced to Move. Discover a high-opportunity condo in Morrow, conveniently located just 20 minutes from Atlanta and Hartsfield-Jackson Atlanta International Airport. This inviting 2-bedroom, 1-bath unit features a functional layout with a welcoming family room, a well-equipped kitchen, and a combined breakfast/dining area that opens to a private fenced patio-perfect for relaxing or entertaining. Designed for comfortable, everyday living, the $455/month HOA covers major expenses including the roof, water, trash, recycling, exterior maintenance, and landscaping-helping minimize unexpected costs. With no rental restrictions, this property offers excellent flexibility and strong income potential. Sold AS-IS and priced accordingly, with major systems-including the water heater, HVAC, and plumbing-in good working condition, this is a fantastic opportunity for buyers ready to add value and build equity quickly. Don't miss your chance to secure this deal.

Key facts

• Private fenced patio
• Investor opportunity
• $455 HOA

Tags

• INVESTOR OPPORTUNITY
• NO RENTAL RESTRICTIONS
• PRIVATE FENCED PATIO
• COMBINED BREAKFAST DINING AREA

Property features AI

Finance

• Financial info: Community contains 1 unit
• HOA & community: Monthly association fee of $455; Association covers maintenance (grounds and structure), water, sewer, trash, utilities, and tennis courts; Community tennis courts

Exterior

• Parking: Assigned parking; Parking lot with 2 total parking spaces
• Utilities: Public water; Public sewer; 220-volt electric; Cable available; Electricity available; Natural gas available; Phone available
• Home design: One-level unit; Condominium ownership; Shingle roof
• Construction: Brick and concrete construction; Brick/mortar and concrete perimeter foundation
• Exterior features: Private yard; Rear porch; Side porch; Back yard fencing (wood, fenced)

Interior

• Kitchen: Dishwasher; Disposal; Electric cooktop; Electric oven; Refrigerator; Kitchen listed with other/unspecified features
• Bedrooms: 2 main-level bedrooms; Primary bedroom on main level
• Flooring: Hardwood; Tile; Wood
• Bathrooms: 1 full bathroom with tub/shower combo (main level)
• Heating & cooling: Central air; Ceiling fans; Electric heating
• Interior features: 9-foot ceilings on lower level; No shared/common walls; Open concept dining area
• Laundry & utility: Laundry room; Washer/dryer hookups with electric dryer hookup; Hall and kitchen access to laundry area

🏷️ Possibly a rental listed for sale. The $55,000 price doesn't fit this home's estimated sale value (~$70,620) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $55k.

Deal economics

• At list price, monthly cash flow is $283 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $53k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.5% vs local median 4.9% in Morrow — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 65/100 on livability (#229 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities D, employment D, crime F.
• Clayton County (suburban): math 11% / reading 20% proficiency, ranked #155 of 174 in GA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: William M. Mcgarrah Elementary School (math 17% / reading 22%, grade F, #878 of 1,228 statewide, top 75%, 642 students, 90% FRL); Morrow Middle School (math 14% / reading 24%, grade F, #368 of 470 statewide, top 79%, 779 students, 90% FRL).
• Market conditions: Rents soft (-1.0%/yr); 173 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 865 units permitted in Clayton County in 2024 (448 in 5+ unit buildings).
• This rent runs 32% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Clayton County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $15k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.
• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $53,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.53% ✓
• Cap rate: 12.47%
• Cash-on-cash: 22.08%
• DSCR: 1.98
• GRM: 3.3

CMA / ARV

• ARV (median comp): $70,620
• List price: $55,000
• Delta: -22.12%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 9.3%
• Equity multiple: 1.35×
• Total profit: $5,337
• Equity at exit: $8,201

10-year hold

• IRR: 13.9%
• Equity multiple: 1.86×
• Total profit: $13,274
• Equity at exit: $4,755

Cash invested: $15,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Georgia: 90 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

Magistrate court evictions in 10-30 days; no rent control; preempted; few tenant protections.

Methodology + full state rankings →

ZIP-level market 30260

• Home prices YoY: -33.8%
• Rents YoY: -1.0%
• Active inventory: 173
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $1,394 high
• Mortgage (P&I): −$288
• Tax from tax record: −$51 /mo · $617/yr
• Insurance: −$23
• HOA: −$455
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $283

Break-even live

Break-even rent $1,035

Max offer price $55,000

Occupancy floor 75%

Sensitivity live

Price	-10% $314	-5% $299	+0% $283	+5% $268	+10% $252
Rent	-10% $173	-5% $228	+0% $283	+5% $338	+10% $393
Rate	-1.0pp $311	-0.5pp $297	base $283	+0.5pp $269	+1.0pp $255

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6595 Mount Zion Blvd Morrow, GA	1.0–3.0	1.0–2.0	1175	$1,500	$1.28	0d	11	0.07mi
6655 Mount Zion Blvd Morrow, GA	2.0–3.0	2.0	1102	$1,299	$1.18	14d	7	0.22mi
6424 Monica Dr Morrow, GA	3.0	2.0	1125	$1,400	$1.24	45d	1	0.24mi
6668 Mount Zion Blvd Apt C32 Morrow, GA	1.0	1.0	629	$1,010	$1.61	25d	1	0.25mi
6668 Mount Zion Blvd Apt B14 Morrow, GA	2.0	1.0	785	$1,190	$1.52	25d	1	0.25mi
6668 Mount Zion Blvd Unit H102 Morrow, GA	2.0	1.0	785	$1,190	$1.52	4d	1	0.25mi
6668 Mount Zion Blvd Morrow, GA	1.0–2.0	1.0	707	$1,190	$1.68	16d	4	0.32mi
2690 Lake Harbin Rd Morrow, GA	3.0	1.0	980	$1,653	$1.69	0d	1	0.48mi
2465 Richardson Pkwy Morrow, GA	1.0–3.0	1.0–2.0	1002	$1,822	$1.82	0d	21	1.05mi
5980 Sherwood Pl Unit 5980 Ellenwood, GA	1.0	1.0	600	$895	$1.49	45d	1	1.10mi
5980 Sherwood Pl Ellenwood, GA	1.0	1.0	600	$895	$1.49	25d	1	1.10mi
2445 Rex Rd Ellenwood, GA	1.0–3.0	1.0–2.0	1149	$1,399	$1.22	0d	10	1.20mi
3051 Brook Hollow Dr Rex, GA	3.0	1.5	1070	$1,630	$1.52	45d	1	1.21mi
3275 Creekwood Dr Rex, GA	3.0	2.0	1105	$1,630	$1.48	6d	1	1.31mi

HOA detail condo

• Monthly dues: $455 · $5,460/yr
• Likely covers: watertrashlandscapingexterior maint.
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-15
   statusdays on market $55,000 Pending 36 DOM
2. 2026-06-13
   days on market $55,000 Active Under Contract 35 DOM
3. 2026-06-09
   days on market $55,000 Active Under Contract 31 DOM
4. 2026-06-08
   days on market $55,000 Active Under Contract 30 DOM
5. 2026-06-07
   days on market $55,000 Active Under Contract 29 DOM
6. 2026-06-04
   days on market $55,000 Active Under Contract 26 DOM
7. 2026-06-03
   days on market $55,000 Active Under Contract 25 DOM
8. 2026-06-02
   days on market $55,000 Active Under Contract 24 DOM
9. 2026-06-01
   days on market $55,000 Active Under Contract 23 DOM
10. 2026-05-31
    days on market $55,000 Active Under Contract 22 DOM
11. 2026-05-18
    status Under Contract 1032-char remark

    Show marketing remark (1032 chars)

    Perfect Starter Home or Investor Opportunity No Rental Restrictions Priced to Move. Discover a high-opportunity condo in Morrow, conveniently located just 20 minutes from Atlanta and Hartsfield-Jackson Atlanta International Airport. This inviting 2-bedroom, 1-bath unit features a functional layout with a welcoming family room, a well-equipped kitchen, and a combined breakfast/dining area that opens to a private fenced patio-perfect for relaxing or entertaining. Designed for comfortable, everyday living, the $455/month HOA covers major expenses including the roof, water, trash, recycling, exterior maintenance, and landscaping-helping minimize unexpected costs. With no rental restrictions, this property offers excellent flexibility and strong income potential. Sold AS-IS and priced accordingly, with major systems-including the water heater, HVAC, and plumbing-in good working condition, this is a fantastic opportunity for buyers ready to add value and build equity quickly. Don't miss your chance to secure this deal.

12. 2026-05-18
    historical Active Under Contract 1062-char remark

    Show marketing remark (1032 chars)

    Perfect Starter Home or Investor Opportunity No Rental Restrictions Priced to Move. Discover a high-opportunity condo in Morrow, conveniently located just 20 minutes from Atlanta and Hartsfield-Jackson Atlanta International Airport. This inviting 2-bedroom, 1-bath unit features a functional layout with a welcoming family room, a well-equipped kitchen, and a combined breakfast/dining area that opens to a private fenced patio-perfect for relaxing or entertaining. Designed for comfortable, everyday living, the $455/month HOA covers major expenses including the roof, water, trash, recycling, exterior maintenance, and landscaping-helping minimize unexpected costs. With no rental restrictions, this property offers excellent flexibility and strong income potential. Sold AS-IS and priced accordingly, with major systems-including the water heater, HVAC, and plumbing-in good working condition, this is a fantastic opportunity for buyers ready to add value and build equity quickly. Don't miss your chance to secure this deal.

13. 2026-05-09
    listed $55,000 New 1032-char remark

    Show marketing remark (1032 chars)

    Perfect Starter Home or Investor Opportunity No Rental Restrictions Priced to Move. Discover a high-opportunity condo in Morrow, conveniently located just 20 minutes from Atlanta and Hartsfield-Jackson Atlanta International Airport. This inviting 2-bedroom, 1-bath unit features a functional layout with a welcoming family room, a well-equipped kitchen, and a combined breakfast/dining area that opens to a private fenced patio-perfect for relaxing or entertaining. Designed for comfortable, everyday living, the $455/month HOA covers major expenses including the roof, water, trash, recycling, exterior maintenance, and landscaping-helping minimize unexpected costs. With no rental restrictions, this property offers excellent flexibility and strong income potential. Sold AS-IS and priced accordingly, with major systems-including the water heater, HVAC, and plumbing-in good working condition, this is a fantastic opportunity for buyers ready to add value and build equity quickly. Don't miss your chance to secure this deal.

14. 2026-05-09
    listed $55,000 Active 1062-char remark

    Show marketing remark (1032 chars)

    Perfect Starter Home or Investor Opportunity No Rental Restrictions Priced to Move. Discover a high-opportunity condo in Morrow, conveniently located just 20 minutes from Atlanta and Hartsfield-Jackson Atlanta International Airport. This inviting 2-bedroom, 1-bath unit features a functional layout with a welcoming family room, a well-equipped kitchen, and a combined breakfast/dining area that opens to a private fenced patio-perfect for relaxing or entertaining. Designed for comfortable, everyday living, the $455/month HOA covers major expenses including the roof, water, trash, recycling, exterior maintenance, and landscaping-helping minimize unexpected costs. With no rental restrictions, this property offers excellent flexibility and strong income potential. Sold AS-IS and priced accordingly, with major systems-including the water heater, HVAC, and plumbing-in good working condition, this is a fantastic opportunity for buyers ready to add value and build equity quickly. Don't miss your chance to secure this deal.

15. 2026-05-08
    historical
16. 2026-05-08
    historical
17. 2026-04-14
    status Back On Market
18. 2026-04-14
    status Active
19. 2026-04-10
    status Under Contract
20. 2026-04-10
    historical Active Under Contract
21. 2026-04-02
    price $55,000
22. 2026-04-02
    price $55,000
23. 2026-03-27
    listed $65,000 New
24. 2026-03-27
    listed $65,000 Active
25. 2026-03-17
    historical
26. 2026-03-17
    historical
27. 2000-08-10
    soldstatus $52,000
28. 1976-08-31
    soldstatus $21,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast GA · Resets to sale price

• Current annual tax: $617 · $51/mo
• Projected year-2 tax: $617 · $51/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,725
• − Mortgage interest: −$3,081
• − Property taxes: −$617
• − Insurance: −$275
• − Repairs & maintenance: −$1,338
• − Management: −$1,338
• − HOA: −$5,460
• − Depreciation: −$1,600
• Taxable income: $3,016
• Est. tax owed @ 24.0%: −$724
• After-tax cash flow: $2,676/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Clayton County
• NCES district ID: 1301230
• Math proficiency: 11% ▼ -13.00%
• Reading proficiency: 20% ▼ -9.00%
• Median HH income: $42,266
• Composite: 13.41/100
• National rank: #9527
• State rank: #155 of 174 in GA

Livability — Morrow

• Score: 65/100
• State rank: #229
• US rank: #13314

Category grades

Amenities D Commute F Cost of living A+ Crime F Employment D Housing A+ Health & safety C User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Clayton County · 230,153 people
• City population: 28,693
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 28,693
• Household income: $52,666
• Rent vs Own: 52.6% rent · 47.4% own
• Severe rent burden: 1956.0

Population outlook (Clayton County) Hauer SSP2

• Today (2025): 310,777 people
• By 2030: 329,762 · +6.1%
• By 2040: 368,052 · +18.4%
• By 2050: 401,196 · +29.1%
• By 2075: 472,488 · +52.0%
• By 2100: 500,446 · +61.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Black 50% Asian 20% Hispanic / Latino 19% Two or more races 7% White 7%
• Hispanic origin (detail): Mexican 11% Dominican 1%
• Foreign-born: 24% · Vietnam, Canada, South Korea
• Languages at home: 63% English-only · Spanish 17% Vietnamese 16% Other Asian/Pacific 1%

Political lean MEDSL · Clayton

• 2024 margin: Solid D (+69.2) · D 84.3% · R 15.1%
• 2008→2024 swing: +2.8pp toward D · 2008: 66.4pp · 2024: 69.2pp
• All cycles: 2024: D+69.2 2020: D+70.9 2016: D+71.9 2012: D+70.1 2008: D+66.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -98.24%
• Current HPI: 192.3741
• Rent YoY: ▼ -1.00%
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• State GDP YoY: ▲ 2.66%
• F500 in state: 28

Industry mix (Fortune 500 HQ in GA)

Industry	F500 HQs	Revenue
▸Paper / Packaging	2	$29B
▸Retail	1	$160B
▸Transportation / Logistics	1	$91B
▸Airlines	1	$62B
▸Consumer Goods	1	$47B
▸Utilities	1	$25B

Price history

+151.1% since first listed

19 events — show timeline

• 2026-06-15 Pending — FMLS
• 2026-05-18 Pending — GAMLS
• 2026-05-18 Contingent — FMLS
• 2026-05-09 Listed $55,000 GAMLS
• 2026-05-09 Listed $55,000 FMLS
• 2026-05-08 Listing Removed — GAMLS
• 2026-05-08 Listing Removed — FMLS
• 2026-04-14 Relisted — GAMLS
• 2026-04-14 Relisted — FMLS
• 2026-04-10 Pending — GAMLS
• 2026-04-10 Contingent — FMLS
• 2026-04-02 Price Changed $55,000 FMLS
• 2026-04-02 Price Changed $55,000 GAMLS
• 2026-03-27 Listed $65,000 GAMLS
• 2026-03-27 Listed $65,000 FMLS
• 2026-03-17 Coming Soon — GAMLS
• 2026-03-17 Coming Soon — FMLS
• 2000-08-10 Sold (Public Records) $52,000 Public Records
• 1976-08-31 Sold (Public Records) $21,900 Public Records

Property tax history

+10.6%/yr

Latest (2025): $617 · -9.7% YoY. Source: county tax records.